Tom Nash

Is Nvidia stock a buy at $950 per share before the earnings?

Added 2024-05-21 15:34:04 +0000 UTC

Is Nvidia stock a buy at $950 per share before the earnings? I'll share my thoughts and highlight my previous predictions about Nvidia. I'll explain how we identified NVDA as a top performer, and will review wether the current price point is attractive. I'll dive into the current market situation, the significance of AI in the new Industrial Revolution, and Nvidia's leadership in AI hardware and software. We'll explore Nvidia's development history, the boost from OpenAI, and the high demand for Nvidia's products. I'll address concerns about future competition and compare Nvidia to Cisco during the internet boom. We'll look at Nvidia's potential as a long-term investment, its market share retention, and the business opportunities ahead. I'll also discuss the current market highs, the potential for pullbacks, and Nvidia's forward PE ratio. We'll examine revenue growth assumptions, the company's performance, and the risks involved in investing in Nvidia. I'll explain the importance of smart investment strategies, such as dollar cost averaging (DCA), and how to adjust DCA based on stock performance.